netosummat

Netosummat refer to amounts of money that remain after deductions have been subtracted from a gross total. In Finnish finance and accounting, the term is used to distinguish the net sum from the gross amount (bruttosumma) and from other gross values. Netosummat can apply to salaries, invoices, settlements, and other monetary transactions.

In practice, netosummat are common in payroll, invoicing, and financial reporting. In payroll, the netosumma is the take-home pay after income tax and social contributions. In invoicing, the netosumma represents the amount due after considering taxes and other charges, depending on whether tax is included or excluded for the specific purpose. In settlements and reporting, netosummat reflect post-deduction figures used for cash flow analysis and profitability measurement.

Calculation and items of deduction vary by context and jurisdiction. The general formula is netosumma = gross total minus deductions. Typical deductions include income tax, social security contributions, pension payments, unemployment insurance, processing fees, and discounts. In pricing contexts, distinctions between net sums and prices depend on whether value-added tax or other taxes are included in the gross amount.

Example: A gross monthly salary of 3,000 euros with deductions totaling 650 euros yields a netosumma of 2,350 euros.

See also: bruttosumma, netto, net income, net price, value-added tax.